Suburb Profile Report for Berala NSW (2141)

Berala House: Median price $850,000, Annual capital growth 7.95%, Number of sales 40, Weekly median advertised rent $500

Berala Unit: Median price $447,500, Annual capital growth 8.20%, Number of sales 18, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Berala has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.27%

When looking at the potential capital gains offered to property investors over the last 3 years, Berala comes in at number 1155th in NSW.

LACK OF BUYER INTEREST may well be the reason that Berala is offering property investors an average of -7.22. This rate of discount on properties puts Suburb at number 100th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

If you compare the increase in value of investment property in Berala, 2141 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -6.77%.

When looking at the potential capital gains offered to property investors over the last 3 years, Berala comes in at number 476th in NSW.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.79% offered to property buyers. Sellers in Berala itself are offering an average vendor discount of -6.12% to real estate investors.

At number 261 in a list of fastest selling suburbs, Berala is in the TOP 30% of suburbs in Australia with an average of days on market 57.25 for properties listed there.

Situated 16.29km from the CBD, Berala is one of Cumberland (A) localities in the postcode 2141.

Metrics i HOUSE UNIT
$850,000 $447,500
0.00% -6.18%
-13.27% -6.77%
7.95% 8.20%
$500 $390
40 18
3.06% 4.53%
56.0370370370371 57.25

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 8798
Median household income ($/weekly) 1012
Median age of persons 33
Median housing loan repayment ($/monthly) 1755
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1159 13.2
    25-34 years 1421 16.1
    35-44 years 1095 12.4
    45-54 years 1233 14.0
    55-64 years 955 10.9
    Others 2936 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 3370 51.0
    Not Married 3016 45.6
    Defacto Relationship 226 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3458 41.7
    Croatia 1131 13.6
    Philippines 202 2.4
    Viet Nam 792 9.6
    Other 1015 12.2
    Others 1691 20.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1411 17.3
    Christianity 3514 43.0
    Hinduism 316 3.9
    Islam 1473 18.0
    No Religion 1360 16.7
    Others 92 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 293 12.1
    $600-$799 268 11.1
    $800-$999 251 10.4
    $1,000-$1,249 241 10.0
    $1,500-$1,999 282 11.7
    Others 1079 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2858 43.3
    Employed, worked full-time 2172 32.9
    Employed, worked part-time 981 14.9
    Unemployed, looking for work 368 5.6
    Employed, away from work 226 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 605 17.9
    Technicians & trades workers 563 16.7
    Clerical & administrative workers 515 15.3
    Machinery operators & drivers 322 9.5
    Labourers 514 15.2
    Others 856 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 131 5.6
    Infants/Primary 671 28.9
    Secondary 640 27.6
    Technical or Further Educational Institution 281 12.1
    University or other Tertiary Institutions 467 20.1
    Others 131 5.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5134 61.0
    Flat, unit or apartment 1902 22.6
    Semi-detached, row or terrace house, townhouse 1378 16.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 984 37.5
    Fully owned 914 34.8
    Being purchased 715 27.2
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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